I'm John Bats with my colleague Elizabeth Peake of the columnist at the Hill,

Commerist at Fox News, who's written carefully these last years, one about spending,

the excessive spending of the administrations that contributed to the spike in inflation and

beggared the American people. But now we come to regulation. It's not all Biden. It's just generally build up.

There was once upon a time a magical man named Ronald Reagan who deregulated a stack of papers,

but it's back. It's back and more than ever. So in sectors, Liz, what can deregulation,

what can Musk, his doge DOGE Department of

Government efficiency what can he do for banking what is what is the problem

there well bank regulation has been a favored activity on the left ever since the financial crisis, and it's kind of understandable why.

Banks did not manage their business as well, and a lot of people got very badly hurt by the defaults on housing loans,

mortgages, excuse me. banking regulation has gotten tighter with a view

towards reigning in the extreme power, if you will, of the nation's biggest banks.

The problem is, as that has happened, it has made it even tougher for smaller banks to compete.

So actually the concentration of business in the biggest banks has increased over time, which

of course was not the intended outcome.

But John, if you took 10 government programs and looked at the intended outcome, almost never

does it turn out exactly the way they think anyway it is

generally perceived that banking regulation will be a little bit more reasonable under a

Trump administration it was before Jamie Diamond for among others has spoken out

about the increased capital requirements, the increased complexity of new

rules and regulations, the amount of time spent on certifying that you're not racist, that your

loans aren't going to energy producers, et cetera, et cetera.

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